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    Home > Chemicals Industry > New Chemical Materials > December 31 copper market morning review

    December 31 copper market morning review

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    The copper market was light on Wednesday, with copper prices fluctuating
    slightly.
    The Republican Party in the United States has delayed a vote to increase cash payments to $2,000, but the market still has a lot of hope
    for stimulus after the new president takes office.

    Copper City

    On the macro front, the UK has successfully achieved a deal to leave the EU, a new round of fiscal stimulus in the United States has been successfully promulgated, and the European Union has launched a large-scale new crown vaccination program, and market risk appetite has warmed
    up.
    China's profits of industrial enterprises above designated size rose 2.
    4% from January to November, with good data, which was positive for copper prices
    .
    Copper inventories grew slightly as
    trade flows declined at the end of the year and were short-term subdued.
    However, due to the overall good demand, copper prices are expected to remain high and volatile
    .

    In the copper market, the market lacks new consumption, there are many accounts downstream, the atmosphere on New Year's Day is stronger, the spot market trading is light, and the spot discount is expanding
    .
    Friday is New Year's Day, China is closed for one day, foreign New Year is also closed, it is estimated that the copper market will still fluctuate
    in a narrow range before the holiday.

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